||||Page||
|---|---|---|---|---|
|Trustees'<br>Report||1|to|3|
|Independent<br>Examiner's|Report||||
|Statement<br>of Financial|Activities||||
|Balance Sheet||6|to|7|
|Notes to the Financial Statements||8|to|14|
|Detailed Statement<br>of Financial Activities||15|to|16|





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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Tota<br>I|Total|
|||||||fund|funcl|funds|funds|
||||||Notes|E|E|E|E|
|INCOME AND||ENDOWMENTS||FROM||||||
|Donations|and legacies|||||18,909||18,909|11,310|
|Charitable|activities|||||||||
|Education||||||77,891|35,000|112,891|155,121|
|Other trading||activities||||58,316||58,316|61,765|
|Investment|income|||||629||629|685|
|Total||||||155,745|35,000|190,745|228,881|
|EXPENDITURE||ON||||||||
|Charitable|activities|||||||||
|General||||||40,958||40,958|44,863|
|Education||||||59,135|35,000|94,135|127,678|
|Other trading||activities||||29,551||29,551|39,546|
|Total||||||129,644|35,000|164,644|212,087|
|NET INCOME||||||26,101||26,101|16,794|
|RECONCILIATION<br>OF|||FUNDS|||||||
|Total funds|brought||forward|||184,228||184,228|167,434|
|TOTAL FUNDS||CARRIED FORWARD||||210,329||210,329|184,228|





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|Balance Sheet<br>30June 2021|||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes||E|E|E|
|CURRENT ASSETS|||||||
|Debtors|||11,354||11,354|4,299|
|Cash at bank|and in hand||204,768|72,880|277,648|285,267|
||||216,122|72,880|289,002|289,566|
|CREDITORS|||||||
|Amounts<br>falling due within one year||10|(5,793)||(5,793)|(38,458)|
|NET CURRENT ASSETS|||210,329|72,880|283,209|251,108|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||210,329|72,880|283,209|251,108|
|CREDITORS|||||||
|Amounts<br>falling due after more than one year||11||(72,880)|(72,880)|(66,880)|
|NET ASSETS|||210,329||210,329|184,228|
|FUNDS||12|||||
|Unrestricted|funds||||210,329|184,228|
|TOTAL FUNDS|||||210,329|184,228|



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|2.|DONATIONS|AND LEGACIES||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f|f|
||Donations|||18,409|10,810|
||Patron scheme|||500|500|
|||||18,909|11,310|
|3.|OTHER TRADING ACTIVITIES|||||
|||||2021|2020|
|||||f|f|
||Fundraising<br>events||||5,162|
||Gallery sales|||25,405|54,225|
||Other income|||5,135|1,320|
||Job retention|scheme grants||12,647|1,058|
||Rates grants|||8,321||
||Gift aid|||6,808||
|||||58,316|61,765|
|4.|INVESTMENT|INCOME||||
|||||2021|2020|
|||||f|f|
||Deposit account interest|||629|685|
|5.|INCOME FROM CHARITABLE||ACTIVITIES|||
|||||2021|2020|
||||Activity|f|f|
||Full time students||Education|106,790|122,297|
||Evening classes||Education|4,263|19,595|
||Masterclasses||Education|1,738|13,229|
||Trips and visits||Education|100||
|||||112,891|155,121|



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|STAFF COSTS||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||f|f|
|Wages and salaries||||||||83,873|61,808|
|Social security|costs|||||||4,308|1,877|
|Other pension|costs|||||||1,765|1,290|
|||||||||89,946|64,975|
|The average<br>monthly||number|ofemployees||during the year was as|follows:||||
|||||||||2021|2020|
|Administration||||||||3|3|
|No employees|received emoluments|||in excess off60,000.||||||
|COMPARATIVES<br>FOR THE STATEMENT OF|||||FINANCIAL ACTIVITIES|||||
|||||||Unrestricted||Restricted|Total|
|||||||fun|cl|fund|funds|
|||||||f||f|f|
|INCOME AND|ENDOWMENTS||FROM|||||||
|Donations<br>and|legacies|||||11,310|||11,310|
|Charitable<br>activities||||||||||
|Education||||||142,621||12,500|155,121|
|Other trading|activities|||||61,765|||61,765|
|Investment<br>income|||||||685||685|
|Total||||||216,381||12,500|228,881|
|EXPENDITURE|ON|||||||||
|Charitable<br>activities||||||||||
|General||||||44,863|||44,863|
|Education||||||115,178||12,500|127,678|
|Other trading|activities|||||39,546|||39,546|





|8.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|—continued|||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||fund|fund|funds|
||||||f|f|f|
||Total||||199,587|12,500|212,087|
||NET INCOME||||16,794||16,794|
||RECONCILIATION|OF|FUNDS|||||
||Total funds brought||forward||167,434||167,434|
||TOTAL FUNDS CARRIED FORWARD||||184,228||184,228|
|9.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
|||||||2021|2020|
|||||||f|f|
||Trade debtors|||||11,251|3,975|
||Other debtors|||||103|324|
|||||||11,354|4,299|
|10.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
|||||||2021|2020|
|||||||f|f|
||Trade creditors|||||4,633|44|
||Social security and other taxes||||||1,754|
||Other creditors|||||99|433|
||Accruals and deferred|||income||1,061|36,227|
|||||||5,793|38,458|





|11.|CREDITORS:|AMOUNTS|AMOUNTS|FALLING|FALLING|DUE AFTER MORE THAN ONE|YEAR|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||E|E|
||Deferred<br>bursary<br>income|||||||72,880|66,880|
|12.|MOVEMENT|IN|FUNDS|||||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.7.20|in funds|30.6.21|
||||||||f||f|
||Unrestricted|funds||||||||
||General fund||||||184,228|26,101|210,329|
||TOTAL FUNDS||||||184,228|26,101|210,329|
||Net movement||in funds,|included||in the above are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
|||||||||E|E|
||Unrestricted|funds||||||||
||General fund||||||155,745|(129,644)|26,101|
||Restricted funds|||||||||
||Bursary||||||35,000|(35,000)||
||TOTAL FUNDS||||||190,745|(164,644)|26,101|
||Comparatives|for movement|||in|funds||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.7.19|in funds|30.6.20|
||||||||f|E|E|
||Unrestricted|funds||||||||
||General fund||||||167,434|16,794|184,228|
||TOTAL FUNDS||||||167,434|16,794|184,228|





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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|||||f|E|
|Unrestricted||funds||||
|General|fund||216,381|(199,587)|16,794|
|Restricted funds||||||
|Bursary|||12,500|(12,500)||
|TOTAL|FUNDS||228,881|(212,087)|16,794|



||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.7.19|in funds|30.6.21|
|||E|f|E|
|Unrestricted|funds||||
|General fund||167,434|42,895|210,329|
|TOTAL FUNDS||167,434|42,895|210,329|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
||||E|E|
|Unrestricted|funds||||
|General fund||372,126|(329,231)|42,895|
|Restricted funds|||||
|Bursary||47,500|(47,500)||
|TOTAL FUNDS||419,626|(376,731)|42,895|





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|Detailed Statement<br>of Financial Activities<br>for the Year Ended 30June 2021|||
|---|---|---|
||2021|2020|
||f|f|
|INCOME AND ENDOWMENTS|||
|Donations<br>and legacies|||
|Donations|18,409|10,810|
|Patron scheme|500|500|
||18,909|11,310|
|Other trading activities|||
|Fundraising<br>events||5,162|
|Gallery sales|25,405|54,225|
|Other income|5,135|1,320|
|Job retention<br>scheme grants|12,647|1,058|
|Rates grants|8,321||
|Gift aid|6,808||
||58,316|61,765|
|Investment<br>income|||
|Deposit account interest|629|685|
|Charitable<br>activities|||
|Full time students|106,790|122,297|
|Evening classes|4,263|19,595|
|Masterclasses|1,738|13,229|
|Trips and visits|100||
||112,891|155,121|
|Total incoming<br>resources|190,745|228,881|
|EXPENDITURE|||
|Charitable<br>activities|||
|Wages|41,500|26,270|
|Social security|2,118|888|
|Pensions|871|570|
|Evening class tutors|810|5,832|
|Additional<br>tutors|10,263|4,980|
|Masterclass<br>tutors|614|4,323|
|Studio tools g. equipment|2,468|1,900|
|Studio materials|6,860|6,092|
|Apprentice<br>payments|2,917|5,000|
|Salaries part time||4,075|
||68,421|59,930|
|Other trading activities|||
|Wages|17,372|12,004|
|Carried forward|17,372|12,004|





|Detailed Statement|of Financial Activities|of Financial Activities|||
|---|---|---|---|---|
|for the Year Ended|30June 2021||||
||||2021|2020|
||||f|f|
|Other trading activities|||||
|Brought forward|||17,372|12,004|
|Social security|||757|313|
|Pensions|||334|237|
|Professional<br>services|||110|770|
|Salaries part time|||5,491|5,181|
|Gallery expenses|||5,487|21,041|
||||29,551|39,546|
|Support costs|||||
|Management|||||
|Wages|||25,001|23,534|
|Socia I security|||1,433|676|
|Pensions|||560|483|
|Cleaning,<br>security||& caretaking|705|2,585|
|Service charge|||4,999|4,946|
|Rent|||20,437|15,321|
|Rates|||360|371|
|Insurance|||2,524|2,290|
|Utilities|||3,136|6,805|
|Telephone<br>&internet|||455|710|
|Office supplies|||617|1,031|
|Website|||808|417|
|Advertising<br>&.marketing|||197|1,301|
|ITsoftware<br>and|consumables|||386|
|Repairs & replacements|||49|264|
|Office equipment|||302|3,543|
|Building setup costs||||33|
|Trustee expenses|||83|1,310|
|Postage, freight|&.courier||141|19|
|Packaging|||120|275|
|General expenses|||2,320|9,912|
|Printing<br>&stationery|||19|217|
|Travel<br>—national|||60|4,897|
|Travel<br>—international|||(3,472)||
|Catering|||391|1,974|
|Salaries part time||||23,400|
||||61,245|106,700|
|Finance|||||
|IZettle fees|||188|598|
|Bank fees|||477|636|
||||665|1,234|
|Governance<br>costs|||||
|Accountancy<br>and|legal fees||4,762|4,677|
|Total resources expended|||164,644|212,087|
|Net income|||26,101|16,794|